CyberArk, BeyondTrust and Delinea maintained their spots atop Gartner's privileged access management Magic Quadrant, while One Identity, Wallix and Arcon fell from the leader ranks. Over the past half-decade, PAM has gone from being required for large companies to being an insurance prerequisite.
Welcome to the report summarizing the survey conducted in spring/summer 2023. It attracted 214
responses from senior cybersecurity professionals in the NA,
APAC, UKI and EU regions.
The goals for this study were to identify:
The top organizational challenges in securing non-SSO
SailPoint has agreed to buy U.K.-based privileged access management vendor Osirium for $8.3 million to better protect privileged and non-privileged identities on a single platform. The deal will allow Osirium to benefit from SailPoint's increased scale and enhanced sector and regional capabilities.
The cyber insurance landscape has evolved significantly over the last 10 to 15 years. Initially, renewals were relatively straightforward, but with the rise of cyberthreats such as ransomware, the market has shifted dramatically to reduce risk exposure.
BeyondTrust has focused on locking down the infrastructure that privileged users access to improve their security posture and lower administrative overhead, said CEO Janine Seebeck. The identity vendor has helped privileged users access MSP customer environments without complicated firewall rules.
In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.
In the latest weekly update, Venable's Jeremy Grant joins ISMG editors to discuss how to defend against the increasing use of MFA fatigue attacks, takeaways from a recent U.S. probe into compliance issues related to Login.gov services and the latest updates on the Improving Digital Identity Act.
Remote access provider Splashtop has bought server and network access management vendor Foxpass to get better visibility across co-managed and multi-tenant environments. The acquisition of Foxpass will simplify the onboarding experience for developers while ensuring passwords aren't being shared.
Okta Identity Governance has enjoyed success in its first quarter of global availability as businesses unify access management and governance. Okta is surprised by the amount of traction its governance offering has gained with large enterprises and in competitive bake-offs, says CEO Todd McKinnon.
CyberArk will promote Matt Cohen, 47, to CEO on April 3. Cohen, who is credited with optimizing CyberArk's go-to-market organization and leading its transition to a subscription business model, will replace Udi Mokady, 54, who co-founded CyberArk in 1999 and has served as its CEO since 2005.
Okta will execute the third-largest round of layoffs of any cybersecurity company in the current economic downturn, axing 300 workers following customer identity execution challenges. The identity giant plans to reduce its staff by 5% in a push to reduce operating expenses and improve profitability.
Privileged access management vendor Delinea has hired longtime RSA sales leader David Castignola to expand beyond North America as well as in nonregulated industries. Delinea hopes to increase sales beyond verticals such as financial services, banking, healthcare, insurance and the public sector.
Simeio has added SailPoint and IBM to its identity and access management line card through the purchase of identity services provider PathMaker Group. The first acquisition in its 17-year history will give Simeio access to senior-level personnel with deep knowledge in identity governance.
Okta has stemmed employee attrition and accelerated customer identity sales by clarifying product function but now has to grapple with longer sales cycles for small to midsized businesses. Okta says efforts to reposition its customer identity offering over the past quarter have borne fruit.